Neg credit items fall off bk date filed or date closed/resolved

Neg credit items fall off bk date filed or date closed/resolved

Are the negative credit items supposed to fall off 7 yrs after the bankruptcy filed date? or the discharged date? i know the bk 7 stays 10 yrs but what about the individual items are supposed to fall off after 7....

Re: Neg credit items fall off bk date filed or date closed/resolved

I've asked this question as well, as my 7 year anniversary of my BK filing is here and as I understand it is actually 7 years from the filing (earlier) date not discharge (later) date. That's a good thing for us BK filers! I plan to get my FICO reports in the next week or two so I'll confirm but when I got my "free annual" Experian report in June, under the "status details" on these BK included accounts it actually says "This account is scheduled to continue on record until October 2012" which is 7 years from my filing.

The BIGGER question is how this effects aka what kind of bump it has when these accounts fall off? I've not been able to find that answer so I'll be the example! If all goes right since I've had perfect credit since my BK, when I pull my FICO reports the only negative that will show will be the BK. Not those other 10-12 accounts that were late or negative because of it.

From there I'll be counting down 3 long years until even the BK falls off. That will be a glorious day! I'll definitely celebrate it and treat myself to a nice dinner or something nice on my credit card of course!

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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.